Nepal Investment Bank Limited inaugurated the Green Double Fixed Deposit on January 1 to promote sustainable and climate-friendly investments. The product is a deposit product with lock-in duration of 7.5 years whereby depositors will enjoy the benefit of having their deposit amount doubled at the end of the period because of the product’s cumulative nature. Furthermore, it’s not just the doubling of the deposit amount that is the main feature of the product but the deposits collected from the scheme will be invested in green projects ranging from renewable energy to green buildings to climate smart agriculture to clean transportation and pollution prevention aiming to provide the depositors with a sense of satisfaction of being a part of a global movement. The range of investments is purely initiated as a step towards carbon neutralisation in the nation and providing support to the global, climate change concern based initiations.
Other benefits for the Green Double Fixed depositors include 50% waiver on the issuance of credit cards and up to 100% loan facility against the Green Double FD after 1.5 years of placing the deposit.
NIBL Ace Capital signs agreement with Muktinath Bikash Bank and Goodwill Finance Limited as distribution agents of NIBL Sahabhagita Fund
NIBL Ace Capital Limited signed an agreement with Muktinath Bikash Bank and Goodwill Finance Limited as authorised distribution agents for re-purchase/redemption of NIBL Sahabhagita Fund units. The agreement was signed by DCEO of NIBL Ace Capital Mekh Bahadur Thapa with ADCEO of Muktinath Bikash Bank Til Prasad Gurung and CEO of Goodwill Finance Limited Saroj Kaji Tuladhar.
NIBL Ace Capital has been operating an open ended mutual fund “NIBL Sahabhagita Fund” which is the first open ended scheme of the country. The scheme has been investing its fund in the securities that are listed in NEPSE and other instruments stipulated in the mutual fund regulation. The fund also provides three major investment options namely Systematic Investment Plan (SIP) at just Rs 1000, Systematic Withdrawal Plan (SWP) and Dividend re-investment Plan (DReP).
The fund can be easily purchased without any entry fee from the premises of NIBL Ace Capital Limited, Lazimpat and select branches of NIBL.
